Current Events > Top economist from Bank of England says people need to accept they are poorer

(+) Yeah! (+)

https://www.bbc.com/news/business-65308769

wow those poor guys driving up inflation

So he will take a lower salary yes?

I accept that every time I use debt to pay for everything

Abolish the monarchy, and that'll free up some money.

Questionmarktarius posted...

Abolish the monarchy, and that'll free up some money.

The point is there is already too much money

Specifically, too much money being spent

not the rich tho made more than ever before

And that motherfucker needs to accept my foot up his ass!

Luckily, I am not poorer. But yeah, if businesses are still making a fuck ton of money and there is still a huge gap between the richest and poorest, then acceptance is not the correct approach.

g980 posted...

The point is there is already too much money

Specifically, too much money being spent

So if people spend too much money there is a bunch of inflation.
If too little money is spent the economy collapses because companies profits go down.
In both cases poor and working class people get screwed over. Almost like capitalism geared to fuck over everyone but the rich.

ScazarMeltex posted...

So if people spend too much money there is a bunch of inflation.
If too little money is spent the economy collapses because companies profits go down.
In both cases poor and working class people get screwed over. Almost like capitalism geared to fuck over everyone but the rich.

Or we keep inflation in line with economic growth and everyone wins

yea it's wild what these dudes will just casually say